S&T Bancorp, Inc. (STBA)

S&T Bancorp Reports Strong Q3 2024 Performance

S&T Bancorp ( (STBA) ) has provided an update. S&T Bancorp, Inc. reported a net income of $32.6 million in the third quarter of 2024, showing strong performance with a return on average assets of 1.35% and a net interest margin of 3.82%. Despite a slight decline in net income from the previous quarter, S&T experienced robust customer deposit growth, which helped reduce higher-cost borrowings. The bank maintained a solid capital position, enabling it to leverage market opportunities while continu